Definition, Meaning & Synonyms
economic activity
noun
/ɪˈkɒnəmɪk ˈæktɪvɪti/
Definition
Any action that involves the production, distribution, and consumption of goods and services.
Examples
- The economic activity in the region has increased due to new businesses opening.
- Tourism is a significant form of economic activity for many countries.
- During the pandemic, many forms of economic activity were disrupted.
Meaning
Economic activity encompasses the various actions that contribute to the economy, including buying, selling, manufacturing, and providing services.
Synonyms
- Economic engagement
- Commercial activity
- Market operations
- Trade activities
